IN THE MATTERof an
application by Maritime Electric Company, Limited for approval of 2012 Capital
Budget.

Notice of Application

TAKE NOTICE
that Maritime
Electric Company, Limited ("Maritime Electric" or the "Company") has
applied for the approval of the Island Regulatory and Appeals Commission (the
"Commission") a 2012 capital budget.

BACKGROUND
Maritime Electric is required, under Section 17 (1) of the Electric Power Act, to submit to the Commission for its approval
an annual capital budget of proposed improvements or additions to
the property of the public utility.

DETAILSThe Company is seeking
approval for capital expenditures of $26,560,000 which it states are
necessary to ensure the provision of cost effective, safe and
reliable service to customers. The planned capital expenditures are
broken down as follows:

Corporate Area

Amount

Generation

2,973,000

Distribution

17,572,000

Transmission

4,605,000

Corporate

1,083,000

Capitalized General
Expense

402,000

Interest During
Construction

200,000

Less: Customer
Contributions

(275,000)

Net Capital
Expenditures

$26,560,000

The planned capital expenditures
do not have any immediate impact on rates except to the extent that
amortization of capital expenditures is incorporated into the
overall rate base of the Company.

HOW TO SEE THE APPLICATIONA complete copy of
the 2012 Capital Budget application can be obtained by clicking
here (1,075 KB pdf file). Any person wishing to
obtain a hard copy of the filing can do so by writing to Maritime Electric
at the address below.

HOW TO COMMENT AND ASK QUESTIONSAny person wishing to
comment on the filing can do so by writing to the Commission at the
address below. In order to be considered, comments must be received
by Friday, September 30, 2011. Persons wishing to pose questions to
Maritime Electric on the filing may do so by sending their
questions, in writing, to the Company on or before Friday, September
9, 2011. Questions posed to Maritime Electric must be answered by
the Company, in writing, on or before Friday, September 23, 2011.
Copies of both written questions and written answers must be copied
to, or filed with, the Commission not later than Friday, September
30, 2011 in order to be considered.

FOR ADDITIONAL INFORMATIONAdditional
information on the application can be obtained by contacting Maritime
Electric at 629-3693. Written communications should be forwarded to:

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